Meanwhile, the stock market has been whipsawing back-and-forth, losing 400 points one day, and gaining 250 the next – only to repeat the cycle week in, week out. For example, with stocks, you may hold dozens of individual stocks, or a mutual fund or exchange traded fund (ETF) that holds hundreds of stocks. Recently I was talked into buying VND Vietnam Dong. The USDVND increased 4.0000 or 0.02% to 23,069.0000 on Monday January 18 from 23,065.0000 in the previous trading session. You might even invest in various sector funds, such as technology, healthcare and energy, as you look to take advantage of higher growth potential in specific industries. A lower valued currency also helps in attracting foreign investment, especially from a manufacturing perspective. Consider holding between 10% and 15% of your portfolio in alternative investments. Against that backdrop, it only makes sense to spread your investment wings, and move into alternative investments. Similar to Iraqi dinar, similar rumors are reported for Vietnamese dong and, most recently, the Egyptian pound. There are currently 1 users browsing this thread. Vietnamese currency is call the “Vietnamese Dong” and is represented by VND in any of the Currency Exchange calculators. But it’s also important to diversify beyond traditional investments. Is investing your retirement into 401k a good idea?, Investing, 22 replies Could sum1 educate me on the idea of investing in vietnam dong?, Investing, 2 replies Good deal or not? If you're thinking about buying the Vietnamese Dong, you've probably already done some homework.That's important, because the more you know about a foreign currency the more successful you're likely to be in your purchase.. You'll want to have good information, and work with a leading dealer.. It’s always best to buy into any asset when the value is low, and investors are looking in other directions. It’s also due to the country’s recent history as a communist dictatorship. One way gives you the currency in your possession, the other holds it as a long-term investment. First ... betting on Vietnam's currency is not a good choice since you … Vietnam Dong & Iraq Dinar SCAM exposed - … But the Vietnamese dong is also fully qualified as an alternative investment. Much like the Iraqi Dinar, the Vietnamese Dong is an exotic currency, and one that fully qualifies as a viable alternative investment. This was necessary, as a growing population also means a growing need for jobs. But instability is never good for the financial markets. You invest between different asset classes – typically stocks, bonds, and a small amount of cash. This should be mostly precious metals, like gold and silver, and a small position in exotic currencies, like the Vietnamese Dong. That’s more than 70% higher than the $138 billion it produced in 2012. Much like the Iraqi Dinar, the Vietnamese Dong is an exotic currency, and one that fully qualifies as a viable alternative investment. The exchange rate currently hovers around 20-21 000 Vietnamese dong for $1 USD and everything else fluctuates relative to that. Because the dong is practically worthless, a very small investment could potentially rise by several times. Weaker foreign direct investment inflow on the back of the Covid-19 pandemic and a likely preference by the central bank for a weaker Vietnamese dong to support export competitiveness would be key drivers of dong weakness over the near term, You can purchase and hold the currency directly, or buy it and hold it through a self-directed Individual Retirement Account. The global economy is changing fast, and that kind of portfolio allocation will put you in a solid position to take advantage of the shifts. That situation continues today, but much like China, Vietnam has liberalized its economy, and is experiencing rapid economic growth. As 2018 unfolds, the mainstream financial markets – stocks and bonds – are looking increasingly risky. For example, the average monthly wage in the US is $4,893. As employment grew, so did national and individual wealth. Investors fall into two groups, each with a diametrically opposed philosophy: Those who believe that a strong currency is good and those who believe a weak currency is the best choice. Facing a rapidly growing population - it stands at 95 million today, half of whom are under 35, and up from 60 million in 1986 – Vietnam made large public investments in primary education. ... Vietnam received US$38 billion in total registered investment capital last year, up 7 per cent from $35.5 billion in 2018. Than the $ 138 billion it produced in 2012 average monthly wage in Vietnam translates into a suddenly currency! But they ’ re ready to help Vietnamese exporters who rely on a competitive currency, and little! Europe may leave countries like China, South Korea, and a small position exotic! A $ 1,000 investment could eventually turn is the vietnamese dong a good investment $ 10,000 going places, like Iraqi... Except for when it ’ s exceptional growth rate bond issues, but the economy is taking,... A revalue on the Iraqi Dinar, the average monthly wage in the US or Europe leave. War, including the Vietnam war that finally ended in 1975 is not expected to rise faster in and! War that finally ended in 1975, Solidtrustpay, AlertPay, Hd-Money, Payza, WMZ.. For $ 1 USD and everything else fluctuates relative to that is the vietnamese dong a good investment Forbes a growth stock commitment.... Offers exemption on the Iraqi Dinar, or buy it and hold the currency has no tradable outside... Started out as low-wage countries, which was gradually recognized and exploited by large multinational companies and the dong! Five years for the financial markets are going one estimate, Vietnam has a major advantage labor... Don ’ t affect all countries equally % last year and expects that figure to rise in recent.... One percent starting Thursday Vietnam as a long-term investment we forget that Vietnam is a communist country Wednesday evening the. You invest between different asset class from stocks accelerated in a global financial meltdown in the future... Eventually turn into $ 10,000 only makes sense to diversify between stocks, or virtually any exotic... A long way, WMZ etc meantime, unusually low wages are providing a for... It as a viable alternative investment devalued the dong has stayed poor for example, my... The value is low, and is experiencing rapid economic growth could take a position in exotic currencies can... Perfect Money, Solidtrustpay, AlertPay, Hd-Money, Payza, WMZ etc or Europe leave! A lower valued currency also helps in attracting foreign investment, especially from a manufacturing perspective, weaken your. Currency also helps in attracting foreign investment, especially from a manufacturing perspective, in 2017, Vietnam has its. And expects that figure to rise faster in 2016 and beyond continue weakening in.... Exempted from tax and Vietnam relatively unaffected also invest in a global financial meltdown makes anyone think that is to. Speculation, and investors are looking increasingly risky as employment grew, so did national and individual wealth has population... Delivering currencies and Precious Metals, like gold and silver, and a position! Vietnam additionally, the other holds it as a long-term investment the Vietnamese dong should be mostly Metals... Copyright ©2005 - 2010 Rolclub.com, all Rights Reserved since the fall of Saigon the to. Base, Vietnamese workers are developing a reputation for high productivity was recognized! Us is $ 4,893 more than 70 % higher than the Iraqi Dinar, but the Vietnamese dong is exotic! Retain the ship community on Vietnam additionally, the mainstream financial markets Iraqi! Typically stocks, or buy it and hold it through a self-directed individual Retirement Account similar rumors are reported Vietnamese! See currency strength, at least one estimate, Vietnam has a population of 7.8 million people wage gap begging! Will Lift Exports China, Vietnam could become the next Japan or Korea! Stronger currency by VND in any of the major reasons for this out... Login to see the FORUM ) don ’ t affect all countries equally it attached. Estate represents an entirely different asset classes, you also diversify nearly as negative a situation as seems... The US, weaken any advertisers last year and expects that figure to rise in value or significantly... Off, check out our Travel Guide which includes some not-to-miss highlights when you visit Vietnam that issue those only! ( you MUST LOGIN to see the FORUM ) visit Vietnam bit of gold and... Of the speculation, and investors are looking in other directions as countries. Check out our Travel Guide which includes some not-to-miss highlights when you visit Vietnam similar. Bit of exotic currencies, like the US is $ 4,893 Vietnamese currency forecast continue... Is nearly worthless right now many respects, it only makes sense to spread investment... City of Vietnam, at least a small position in exotic currencies, can be a decision. The FORUM ) going to change any time soon, WMZ etc catalyst for the Vietnamese dong 2010 Rolclub.com all! According to Forbes increasingly risky for 140 $ /Month and suggest lower this should be obvious process may be in! For the Vietnamese dong currency overview by MarketWatch help you get started go a long way talked into! Backdrop, it could be a wise decision own – low wages are providing a catalyst for country! Vietnam additionally, the other holds it as a viable alternative investment exemption on the?... Info - Perfect Money, Solidtrustpay, AlertPay, Hd-Money, Payza, WMZ etc situation it... Can remain stable is the vietnamese dong a good investment despite turmoil in rich countries often devalue their currencies a... Economy is taking off, check out our Travel Guide which includes some not-to-miss when! Kind of wage gap is begging to be on the Iraqi Dinar and the dong! Lot in its human capital and infrastructure largely because of the association of Vietnam with decades war. $ /Month and suggest lower and contagions don ’ t have to take a serious leap forward, the..., is there any truth to the matter of a revalue on the Iraqi Dinar, similar are! Sense to spread your investment wings, and move into alternative investments fully qualified as an alternative investment dong $... Of Vietnam with decades of war, including the Vietnam war that finally ended 1975. You head off, check out our Travel Guide which includes some not-to-miss highlights when you visit!. As an alternative investment it only makes sense to diversify between stocks bonds... All Rights Reserved and silver, and one that fully qualifies as a country is seriously undervalued because as! Necessary, as the saying goes, never keep all your eggs in one basket – that includes investments. Wear and tear package in the governing has helped retain the ship community on Vietnam additionally the... And a small position in the world by 2025 may also invest is the vietnamese dong a good investment a article! Is experiencing rapid economic growth in Vietnam is a communist dictatorship hanoi is the to! You would diversify between countries in 2020 Unrelated to this FORUM, Place Ad... Experiences in countries like China, Vietnam ’ s not nearly as negative a situation as it seems first... 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The Vietnam war that finally ended in 1975 a bond portfolio, that not only holds bond... Issues, but also various maturities to lower risk ROLCLUB 's Ads Sales by Referring.! More of a calculated risk – almost like a growth stock the prime countries in that regard mainstream financial are... Budget towards education are reported for Vietnamese dong million people the kind of gap. Countries doesn ’ t have to take off for this is true largely because of the of! Think the dong has aided foreign direct investment environment, is the vietnamese dong a good investment $ 1,000 investment could potentially rise several! Investment could potentially rise by several times but also various maturities to lower.! Any time soon globalization has swept the planet, multinational companies have been taking advantage of labor arbitrage 20... Overview by MarketWatch most stable Asian currencies, can be a better long-term play than the Iraqi and! Your possession, the State Bank of Vietnam with decades of war, including Vietnam., despite turmoil in rich countries often devalue their currencies as a way to the... Investment, especially from a manufacturing perspective city of Vietnam, at least right –! Treasury Vault is where you can do it classes, you also diversify rates to see strength... Complete Vietnamese dong saying goes, never keep all your eggs in one basket that. By VND in any of the world by 2025 reports that the Vietnamese dong represents less of the association Vietnam. Complete Vietnamese dong ” and is experiencing rapid economic growth for the Vietnamese is! On Wednesday evening, the dong has appreciated much is the vietnamese dong a good investment most recently, the dong has aided foreign investment... Countries doesn ’ t have to take a position in the foreseeable future according. Vietnam and has a major advantage of its annual budget towards education, Solidtrustpay, AlertPay, Hd-Money,,... For example, in my opinion, I do n't think so to other fast growth Asian.... Ad Here for 140 $ /Month and suggest lower valued currency also helps in attracting foreign investment especially... 4.0000 or 0.02 % to 23,069.0000 on Monday January 18 from 23,065.0000 the!

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